Colloidal Silver Market Is Valued At US$ 500 Mn In 2021 And Grow At 9.2 % CAGR Through 2030

Colloidal silver has been gaining momentum across the pharmaceutical and food industries respectively. In recent times, lucrative avenues have opened up across the nutraceuticals segment. It is finding new applications in formulating dietary supplements, animal feeds and other areas. This is primarily due to growing dietary imbalance concerns.

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Colloidal silver has proven to be instrumental in the development of cognitive abilities and in promoting good health. Colloidal silver manufacturers based supplements claim that their products stimulate the immune system and help the body heal itself. Therefore, the market is expected to be greatly stimulated in the future.
Advent of Nanotechnology for Food Preservation
Nanotechnology has revolutionized food science, particularly preservation and food safety. A wide range of nanomaterials have found applications in the food industry. Nanotechnology also offers beneficial properties on human health than conventional methods. Encapsulation of nutraceuticals enhances bioavailability and stability leading to beneficial effects on humans.
Colloidal silver, owing to its antimicrobial properties, is gaining traction in the food processing sector. The silver nano poly system has proven immensely beneficial in eradicating 99.9% of germs, maintaining antibacterial properties, deodorizing functions as well as freshness in ready to eat packaged foods.

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Credible Opportunities across Emerging Economies

As developing countries experience a positive economic growth, the demand for a robust healthcare industry is rising. Markets such as China, India, Brazil & Mexico are witnessing prolific economic expansion, with consumers enjoying higher disposable incomes.
Consequently, demand for good quality healthcare products and services is on a northward trajectory, uplifting prospects for silver-infused nutritional supplements and pharmaceutical products. Therefore, vendors have established robust links with distributors and established their manufacturing units to cater to this rising demand, broadening growth prospects.

Stringent Government Regulations Restraining Uptake

Several countries in Europe, besides the U.S. have implemented tough legislations regarding colloidal silver applications across the healthcare & pharmaceutical industries. Studies have concluded that excessive intake of silver leads to argyrosis, causing a bluish-grey tissue discoloration. It also causes myoclonic seizures.
According to the U.S FDA, sound evidence regarding the perceived health benefits of silver consumption are unverified. The agency, in conjunction with the Federal Trade Commission, has taken stringent action against several companies marketing colloidal silver for making unproven health claims. Such trends are likely to impede growth prospects.

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Region-wise Analysis

North America Colloidal Silver Market
North America is slated to capture the maximum more than 30% of the global colloidal silver market share throughout the 2020-2030 forecast period, expanding at ~9% CAGR. Widespread applications across the healthcare, textile and dietary supplements industry supports market growth.
However, stringent regulations imposed to curb misuse have proven to be a major challenge for the region’s growth. In March 2020, the US FDA warned several companies to stop selling silver-laced products to cure the coronavirus. This order was issued in collaboration with the Federal Trade Commission.
The companies under question are Vital Silver, Quintessence Aromatherapy, Xephyr (N-Ergetics), GuruNanda, Vivify Holistic Clinic, Herbal Amy and The Jim Bakker Show. The products under question were essential oils, tinctures, teas and colloidal silver.
Nevertheless, colloidal silver solutions are extensively used across North America for producing silver sulfadiazine (SSD), a topical antibiotic used in partial and full thickness burns to prevent bacterial infection. The FDA has approved a number of topical preparations based on this compound for treating 2nd & 3rd degree burns.